Environmental, Social and Governance
Climate related disclosures for FBD
The Task Force on Climate related Financial Disclosures (TCFD) is the framework through which FBD discloses the Group’s climate related risks and mitigation and forms a key part of FBD’s overall ESG framework. This is the second year that FBD will be disclosing climate related information aligned to the TCFD recommendations. Good progress has been made and the Group will continue over the year ahead to further integrate the recommendations throughout the business.
In its 2022 Annual Report FBD have disclosed climate related information aligned to the TCFD recommendations (see pages 34-46). FBD have described the activities that they currently undertake under the relevant TCFD recommendations.
The Task Force on Climate-related Financial Disclosures (TCFD) is a group of experts appointed by the Financial Stability Board to develop recommendations on the types of information that companies should disclose to support investors, lenders, and insurance underwriters in appropriately assessing and pricing a specific set of risks – risks related to climate change. The Task Force developed four core elements on climate related financial disclosures that are applicable to organisations across sectors and jurisdictions.